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Dell and Quest Software announced they have entered into a definitive agreement for Dell to acquire Quest, an IT management software provider offering a broad selection of solutions that solve the most common and most challenging IT problems. Under terms of the agreement, approved by the boards of directors of both companies, Dell will pay $28 per share in cash for each share of Quest for an aggregate purchase price of approximately $2.4 billion, net of Quest's cash and debt. The transaction is expected to close in Dell's third fiscal quarter, subject to approval by Quest's shareholders and customary conditions.